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Ciena Can Dispel Fears of Weakness

An in-line third-quarter report can reassure investors worried about a frail second half.

August 28, 2014

Ciena (CIEN: NYSE) By MKM Partners ($20.74, Aug. 27, 2014)

We reiterate our Buy-rating of Ciena. Our price target is $28.

Ciena (CIEN) is scheduled to report fiscal-third-quarter (ended July) results before the open on Thursday, Sept. 4. We expect upbeat earnings and guidance in line with or slightly better than consensus estimates. In...